Category: Capital Market/Banking

Access Bank Explains Q1 30% Increase In Profit Before Tax
April 30, 2021 No Responses

Access Bank Explains Q1 30% Increase In Profit Before Tax

Access Bank Plc has posted a profit before tax (PBT) of N60.1billion  representing an increase of 30 per cent for the first quarter ended March 31.  The Chief Executive Officer of the group, Mr Herbert Wigwe, disclosed in an unaudited financial...
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FirstBank Appoints Gbenga Shobo As New MD
April 29, 2021 No Responses

FirstBank Appoints Gbenga Shobo As New MD

First Bank of Nigeria Ltd. has announced the appointment of Mr Gbenga Shobo, currently the deputy Managing Director (DMD), as the Managing Director/Chief Executive Officer designate of the bank.The bank’s Chairman, Mrs Ibukun Awosika, explained in a statemen...
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Fidelity Bank Declares N10.1B Profit Before Tax In Q1
April 29, 2021 No Responses

Fidelity Bank Declares N10.1B Profit Before Tax In Q1

For the first quarter ended March 31, 2021, Fidelity Bank Plc has recorded improvement in its financial performance.  Details of the unaudited results, released at the Nigerian Stock Exchange (NSE) show that Profit before Tax (PBT) grew by 53.9% from...
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FBN Holdings Shareholders Okay N16.15b For 2020 Dividend
April 28, 2021 No Responses

FBN Holdings Shareholders Okay N16.15b For 2020 Dividend

Shareholders of FBN Holdings Plc, on Tuesday, endorsed a total dividend of N16.15 billion declared for the financial year ended December 31, 2020.  The shareholders approved the dividend at the company’s ninth Annual General Mee...
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SEC Nigeria, FSD Africa To Develop ICT Transformation Strategy
April 28, 2021 No Responses

SEC Nigeria, FSD Africa To Develop ICT Transformation Strategy

The Securities and Exchange Commission (SEC) with the support of FSD Africa is to develop an Information Communication and Technology (ICT) transformation strategy to improve market regulatory efficiency.  A document published on the commission’s websit...
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CSCS Bags Market Choice Award
April 28, 2021 No Responses

CSCS Bags Market Choice Award

The  Central Securities Clearing System (CSCS)  has bagged the prestigious Market Choice award for outstanding counterparty trust assurance.   Mr Haruna Jalo-Waziri, the Chief Executive Officer of CSCS, in a statement explained th...
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TAJBank Declares N845m Profit In 2020
April 26, 2021 No Responses

TAJBank Declares N845m Profit In 2020

For the year ended December 2020, TAJBank has declared N845million Profit After Tax (PAT) and total assets of N50 billion.   In a statement on Sunday, TAJBank explained that result attained within its first year of operation “ highest earning per.....
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Zenith Bank MD Implores MSMEs On Compliance To Principles Of Credits
April 23, 2021 No Responses

Zenith Bank MD Implores MSMEs On Compliance To Principles Of Credits

Zenith Bank Plc, has advised Micro, Small and Medium Enterprises (MSMEs) to be conversant with the five principles of credits as part of measures to boost chances of accessing funding facilities.  The Group Managing Director of the bank, Mr Ebenezer...
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Conoil, Lafarge Africa, GTBank Lift NGX Indices By 0.29%
April 22, 2021 No Responses

Conoil, Lafarge Africa, GTBank Lift NGX Indices By 0.29%

Transactions on the Nigerian Exchange (NGX) Ltd. on Wednesday extended gaining streak to four consecutive trading sessions, appreciating further by 0.29 per cent.  The performance was as a result of investors’ interests in Guaranty Trust Bank and Lafarg...
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First Bank CEO Urges Govt, Businesses To Leverage Technology, Innovation
April 22, 2021 No Responses

First Bank CEO Urges Govt, Businesses To Leverage Technology, Innovation

Dr Adesola Adeduntan, Chief Executive Officer (CEO), First Bank Group, has urged government, relevant financial authorities and businesses to leverage technology and innovation for better financial inclusion and an improved Nigerian economy. Adeduntan gave the...
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CBN Urges Banks To Support Businesses Seeking Expansion
April 21, 2021 No Responses

CBN Urges Banks To Support Businesses Seeking Expansion

The Central Bank of Nigeria (CBN) has urged commercial banks to leverage their presence in other parts of Africa to support Nigerian businesses seeking to plant their footprints into new markets.  The CBN Governor, Mr Godwin Emefiele, gave the advice...
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Ecobank Announces First 50 Beneficiaries Of Super Reward Scheme
April 20, 2021 No Responses

Ecobank Announces First 50 Beneficiaries Of Super Reward Scheme

The first set of beneficiaries of Ecobank Nigeria Super Reward scheme has emerged. 50  customers will receive N25, 000 each. The four-month Super Rewards scheme which will run till July this year was launched in March this year.  50 customers...
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FirstBank Unveils Corporate Website, Reiterates Commitment To Seamless Service Delivery
April 19, 2021 No Responses

FirstBank Unveils Corporate Website, Reiterates Commitment To Seamless Service Delivery

First Bank of Nigeria Ltd., has launched a new website to ensure seamless banking and technology solutions to its customers across the world.  The Chief Executive Officer, FirstBank Group, Dr Adesola Adeduntan, said this in a statement in Lagos on...
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CSCS Declares N6.93b Profit, N5.85b Dividend For 2020
April 18, 2021 No Responses

CSCS Declares N6.93b Profit, N5.85b Dividend For 2020

The Central Securities Clearing System Plc (CSCS) has announced a profit after tax of N6.93 billion for the financial year ended Dec. 31, 2020.  The company in a statement explained that profit after tax was 41.43 per cent higher when...
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